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17 June 2019LAND INTENSIFICATION ALLOWANCE (LIA) MAIN BROCHURE Introduction 1. In his Budget Statement 2010, the Minister for Finance introduced the Land Intensification Allowance (LIA) incentive,
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01
Assess the condition of the industrial building to determine if it is suitable for phasing out.
02
Develop a detailed plan outlining the steps and timeline for the phasing out process.
03
Obtain necessary permits and approvals from local authorities.
04
Notify tenants and other stakeholders about the phasing out plan.
05
Begin the process by removing equipment and machinery from the building.
06
Demolish or repurpose the building as needed, following all safety and environmental regulations.
07
Finalize the phasing out process by completing any remaining paperwork and inspections.

Who needs phasing out industrial building?

01
Owners of industrial buildings looking to repurpose or redevelop their properties.
02
Developers looking to transform industrial sites into residential or commercial spaces.
03
Local governments seeking to revitalize underutilized industrial areas.
04
Environmental agencies aiming to remove hazardous materials from industrial buildings.
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Phasing out industrial building refers to the process of discontinuing the use of an industrial building and transitioning it to a different purpose.
Owners or tenants of industrial buildings are required to file phasing out industrial building.
To fill out phasing out industrial building, owners or tenants need to provide information about the current use of the building, the proposed changes, and any supporting documents.
The purpose of phasing out industrial building is to track changes in land use and ensure that industrial buildings are being repurposed in accordance with regulations.
Information such as the current use of the building, proposed changes, timeline for transition, and any supporting documentation must be reported on phasing out industrial building.
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